Optimal Real-Time Pricing of Electricity Based on Switched Markov Chain Models and Welfare Maximization.
Koichi KobayashiPublished in: CPSNA (2016)
Keyphrases
- markov chain
- transition probabilities
- monte carlo simulation
- steady state
- stochastic process
- markov model
- stationary distribution
- monte carlo
- transition matrix
- finite state
- markov process
- random walk
- state space
- markov models
- markov chain monte carlo
- monte carlo method
- reinforcement learning
- gibbs sampler
- model selection
- search algorithm